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Brazilian power company Cemig names new CEO

 


 

 

By Reuters

SAO PAULO
Petroleumworld 02 05 2019

Brazilian power company Cia Energética de Minas Gerais, or Cemig, on Friday named Cledorvino Belini as its chief executive, replacing Bernardo Alvarenga, the company said in a securities filing.

Reuters reported earlier on Friday that Alvarenga would step down.

Cemig is controlled by Minas Gerais state, governed since January by a market-friendly party known as Novo, representing a political U-turn from its former leftist Workers Party administration.

Belini is a former Fiat SpA executive, having led the Italian car maker's Latin American operations for 11 years, Cemig said.

Minas Gerais' new governor, Romeu Zema, has given indications that he could privatize Cemig.

 


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Reporting by Luciano Costa; Writing by Marcelo Teixeira; Editing by Christian Plumb from Reuters.


reuters.com 02 08 2019

 

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